21Shares Projects Dogecoin Could Reach $1.42 in Bull Market
21Shares reports that Dogecoin may be a beneficial addition to investment portfolios, with a projected price target of $1.42 if bullish momentum continues.
- Research indicates that incorporating 1% DOGE into a traditional 60/40 equities and bonds portfolio can enhance annual returns from 7.25% to 8.95%.
- Dogecoin has outperformed many large-cap crypto-assets over the past decade while showing low correlation with both crypto and traditional assets.
- Disciplined rebalancing is essential to manage risks and optimize returns, particularly during market stress.
Three Scenarios for Dogecoin
- Bear case: If Dogecoin compounds at 10% annually from its 2021 peak of $0.73, it may reach $0.38 by 2025.
- Neutral case: Assuming the total crypto market capitalizes at $5 trillion, DOGE could trade near $1, reflecting a 5.5-fold gain from current levels.
- Bullish case: If Dogecoin mirrors its pre-2021 growth rate of 189% per year, it could reach approximately $1.42, contingent on a revival of memecoin interest and real-world use cases.
At press time, Dogecoin (DOGE) trades at $0.175.
